Building Details

Building Size 3,384 SF

Year Built 1976

Buildings 1

Listing Agency: Kidder Mathews - West LA

Listed By: Elizabeth Clark · License #01811246 Show Phone

Source: Kidder

Added: Apr 1 Changed: Aug 8 Last Checked: Apr 1 at 8:28PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews - West LA

Investment Insights

Based on property information with market context.

This retail space, located in Big Bear, California, offers 3,384 square feet of space. The property is suitable for commercial real estate and retail purposes.

Key Highlights

• Retail space available for sale
• Located in Big Bear, California
• Built in 1976

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$48,505

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

4.13%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$970,100 $970.1K

Cap Rate 7%

$692,929 $692.9K

Cap Rate 9%

$538,944 $538.9K

Market Conditions

NOI Build-Up for 3,384 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$73.1K $21.60/SF

− Vacancy

−$3.8K −$1.12/SF

EGI

$69.3K $20.48/SF

− OpEx

−$20.8K −$6.14/SF

NOI

$48.5K $14.33/SF

Area

San Bernardino County, CA

Vacancy

5.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$970,100

Cap Rate 7%

$692,929

Cap Rate 9%

$538,944

Alternative Uses

Best Use

Retail

$692.9K

$606.3K – $808.4K (±1% cap)

NOI $48,505 @ 7.0% cap · market cap 4.13%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$713.8K

$624.6K – $832.8K (±1% cap)

NOI $49,966 @ 7.0% cap · market cap 4.25%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

American Autobody Big ... Auto Repair Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Garden Center Catering Service Pharmacy Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

742

Businesses Nearby

66k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 61% Shops & Services 20% Apparel 19%

Taco Bell Dining

18,231 visits/mo 0.1 miles

76 Shops & Services

13,483 visits/mo 0.1 miles

Denny's Dining

13,338 visits/mo 0.0 miles

Big 5 Sporting Goods Apparel

11,914 visits/mo 0.2 miles

El Pollo Loco Dining

9,034 visits/mo 0.2 miles

Demographics for 92315, CA

5,148

Population

9,861

Households

0.5

Avg Household Size

51

Median Age

34%

College-Educated

92%

High-School Grad

29.4 sq mi

ZIP Area

175

Density / Sq Mi

$79,293

Median Household Income

$43,778

Median Earnings

$1,278

Median Rent

$538,200

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - Retail space available for sale in Big Bear, California.

Where is this retail space located?

The property is located at 41282 Big Bear Blvd Big Bear, CA.

What is the asking price?

The asking price for this property is $1,175,000.

What are key features of this property?

This property features: Retail space available for sale; Located in Big Bear, California; Built in 1976